Romania's finance ministry sold on Thursday 423.4 million lei ($91.3 million/86.1 million euro) worth of discount Treasury bills maturing on February 28, 2024, above its 400 million lei target, central bank data showed.
The average accepted yield in Thursday's auction was 6.7%, while demand totalled 504.7 million lei, the central bank announced in a data release published on its website.
Details of the issue follow:
| Auction date |
March 16 |
| Amount offered (mln lei) |
400.0 |
| Amount sold (mln lei) |
423.4 |
| Total bids placed (mln lei) |
504.7 |
| Bid-to-cover ratio |
1.19 |
| Yield (%) |
6.7% |
So far this year, Romania has sold 33.524 billion lei worth of government securities.
(1 euro=4.919 lei)